Legal texts
Separate trading line
Consultation regarding the separate trading line
22 March 2010 : FINMA, SIX and the TOB examined the use of the separate trading line for buyback programmes. A model of auction which aims to replace the separate trading line for buyback programmes has been developed. The TOB opened a consultation about this proposition today. Interested parties are invited to take part in this consultation by 16 April 2010.
8 July 2010: A working group consisting of the Swiss Takeover Board, the SIX Swiss Exchange and the FINMA has developed an auction model that aims to replace the separate trading line used for buyback programmes. From 22 March until 16 April 2010, the Swiss Takeover Board carried out a public consultation that was addressed to interested parties.
The project regarding the revision of the separate trading line for buyback programmes will be carried on by the FINMA as the leading authority, in collaboration with the Swiss Takeover Board. At a later date, the FINMA will inform about the further proceedings.